Full List Of Banks In Nigeria Right Now

A Commercial bank in Nigeria is a financial institution approved and authorized by the Central Bank Of Nigeria to accept deposits from individuals and also land them money if some certain conditions are met.

list of banks in nigeria

Formerly, there were more than 86 commercial banks in Nigeria with operating licences. However, in 2004, the Federal Government Of Nigeria through the CBN decided to implement some new rules. and many of these banks could not keep up with it.

With this new law enforced by the Central Bank of Nigeria, commercial Nigerian banks were reduced to 29 and the few remaining ones mad the Nigerian banking industry what it is today. The new laws by the CBN also led to the merging of some banks years ago in order to continue staying in business.

There are currently 29 banks in Nigeria with Government licenses. These banks are mainly grouped into commercial, non-interest, and merchant banks.

Below is a list of all the banks in Nigeria right now grouped according to their operation licences. Some of these banks currently have international Authorization while the others are only authorized to operate here in Nigeria or in specific regions.

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Full List Of Banks In Nigeria

  1. Access Bank Plc
  2. Fidelity Bank Plc
  3. First City Monument Bank Plc
  4. First Bank of Nigeria Limited
  5. Guaranty Trust Bank Plc
  6. Union Bank of Nigeria Plc
  7. United Bank for Africa Plc
  8. Zenith Bank Plc
  9. Citibank Nigeria Limited
  10. Ecobank Nigeria Plc
  11. Heritage Banking Company Limited
  12. Keystone Bank Limited
  13. Polaris Bank Limited. (Formerly Skye Bank Plc)
  14. Stanbic IBTC Bank Plc
  15. Standard Chartered
  16. Sterling Bank Plc
  17. Titan Trust Bank Limited
  18. Unity Bank Plc
  19. Wema Bank Plc
  20. Globus Bank Limited
  21. SunTrust Bank Nigeria Limited
  22. Providus Bank Limited
  23. Jaiz Bank Plc
  24. Taj Bank Limited
  25. Coronation Merchant Bank
  26. FBNQuest Merchant Bank
  27. FSDH Merchant Bank
  28. Rand Merchant Bank
  29. Nova Merchant Bank

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